India Becomes World’s Most Active Market for Large-Language Models as AI Firms Eye Growth
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Indian stocks are likely to keep sliding for a fourth straight day, with most Asian markets also in the red after a tech-led selloff on Wall Street. The rupee may have bounced off its record lows, but analysts say that’s not enough to shake off the risk-off mood — especially with foreign money still flowing out of both equities and bonds. There are a couple of bright spots: shares of asset managers could get a lift after the regulator cut the fees domestic mutual funds pay to brokerages and slashed the basic management charge. Insurers will also be in focus after the parliament on Wednesday approved 100% foreign ownership in insurance companies — a move that could spark some excitement in the sector.